Welcome to our dedicated page for Trex Company news (Ticker: TREX), a resource for investors and traders seeking the latest updates and insights on Trex Company stock.
Trex Company, Inc. (NYSE: TREX) is the world's largest manufacturer of high-performance wood-alternative decking and railing. Headquartered in Winchester, Virginia, Trex specializes in creating sustainable, low-maintenance outdoor living products that combine superior durability and aesthetics. For over 30 years, Trex has been defining and reinventing the composite decking category.
Trex's product portfolio includes a wide variety of decking and railing options, along with LED deck and landscape lighting, stylish pergolas, outdoor furniture and storage solutions, innovative steel deck framing, and advanced drainage systems. These products are designed to help homeowners create their dream outdoor living spaces.
The company operates primarily under the Trex Residential segment, focusing on the manufacturing of wooden alternative decking products. Trex distributes its products through wholesale distributors and retail lumber dealers, who then sell to homeowners and professional contractors, remodelers, and homebuilders. This strategy has enabled Trex to build the industry's strongest distribution network, with products available in over 6,700 retail outlets across six continents.
Recent achievements highlight Trex's commitment to innovation and sustainability. The company was named America’s Most Trusted® Outdoor Decking brand for four consecutive years (2021-2024) and was listed among America's Most Responsible Companies 2024 by Newsweek. Investor’s Business Daily also recognized Trex as one of the 100 Best ESG Companies for 2023.
Trex continues to expand its market through strategic licensing agreements. Notable recent developments include the introduction of Trex Seal Sub-Ledger Tape, an innovative moisture barrier designed to protect deck ledger boards from water damage, and the addition of Paragon Stairs as the exclusive supplier for the Trex® Spiral Stairs collection. These collaborations aim to enhance the durability and longevity of outdoor decking solutions while providing stylish and functional design options.
With a strong focus on sustainability, Trex products are made from 95% recycled materials, including reclaimed wood and plastic film. This environmentally responsible approach helps the company reduce waste and conserve natural resources.
For more information, visit Trex.com or follow Trex on social media platforms like Facebook, Instagram, Twitter, LinkedIn, TikTok, Pinterest, and Houzz. You can also view product and demonstration videos on Trex's YouTube channel.
Trex Company (NYSE: TREX) has launched a new marketing campaign, "We See It Too," aimed at connecting emotionally with consumers. This initiative, created with advertising agency BUNTIN, emphasizes the personal experiences of families and how Trex products serve as a backdrop for cherished memories. The campaign began on January 1, 2022, featuring advertisements across multiple channels, including TV and digital platforms. With a reported $1 billion in revenue and recognition as a leading brand in outdoor living products, Trex continues to innovate within the composite decking industry.
Trex Company has identified key trends in outdoor living for 2022, focusing on comfort, convenience, and design. Consumers are seeking multifunctional outdoor spaces, leading to the rise of Outdoor Dens equipped with amenities like TVs and kitchens. Activity Zones are also popular, maximizing space for various functions. The demand for privacy in outdoor settings is increasing, along with a push for eco-friendly materials. Curves in design, including outdoor kitchens and cabinetry, are gaining traction, transforming outdoor areas into functional extensions of homes.
Trex Commercial has boosted its Midwest presence by appointing two new regional sales representatives, Michael Scalze and Kyle Jorgenson. Their combined expertise aims to enhance sales and strengthen relationships with key industry players in this vital market. Scalze brings over 20 years of experience in sales and project management, previously achieving significant growth for his former company. Jorgenson has transitioned from Trex's residential division, having developed strong connections in the industry. This strategic move is anticipated to drive sales growth and improve Trex's engagement in the Midwest.
Trex Company has launched its 15th annual Plastic Film Recycling Challenge, offering cash prizes for schools that recycle the most plastic film. Sponsored by Charter Next Generation, the program incentivizes K-12 students nationwide to collect polyethylene plastic film from November 15 to April 22. Schools can win up to $5,000, and additional rewards for creative promotion of recycling efforts. Trex continues its commitment to sustainability, repurposing over 850 million pounds of recycled materials annually, including 1.5 billion plastic bags.
Trex Company has been featured in the HGTV Dream Home 2022, located in Warren, Vermont, showcasing a luxury cabin designed to celebrate local aesthetics. The outdoor spaces utilize Trex's eco-friendly, low-maintenance decking products, including Trex Transcend, which provides the look of wood without the upkeep hassles. The installation features Trex's advanced drainage systems and modern railings, enhancing both functionality and style. The HGTV Dream Home giveaway will allow viewers to enter for a chance to win this stunning property starting December 28, 2021.
Trex Company (NYSE:TREX) reported robust third quarter 2021 results with a 45% revenue growth to $336 million and a net income increase of 73% to $74 million. The growth is attributed to strong demand for decking and railing products, alongside efficient cost management despite inflationary pressures. EBITDA rose 76% to $108 million, reflecting a healthy EBITDA margin of 32.2%. Trex plans to add a third production site in Little Rock, Arkansas, investing $400 million over five years to meet future demand. Fourth quarter sales are projected between $295 million and $305 million.
Trex Company (NYSE:TREX) has announced its participation in several upcoming investor conferences. These include the Baird 2021 Global Industrial Conference on November 10, the Stephens Investment Conference in Nashville, TN, on December 2, and the Truist Securities 2021 Industrials and Services Summit on December 7. Management will engage in one-on-one meetings with investors, and an investor presentation is accessible through the company's website. Trex is recognized as the top brand in composite decking and railing, with over 30 years of expertise in eco-friendly outdoor products.
Trex Company (NYSE: TREX) is set to enhance its production capabilities by establishing a new manufacturing site in Little Rock, Arkansas. This strategic investment of approximately $400 million aims to meet the growing demand for its composite decking products driven by increasing consumer interest in outdoor living. Expected to create over 500 new jobs, the facility will optimize access to raw materials and key transportation hubs. Construction is slated to begin in early 2022, with production anticipated to start in 2024.
Trex Company is launching the 15th Annual Plastic Film Recycling Challenge for K-12 students, starting on November 15, 2021, coinciding with America Recycles Day. The initiative encourages schools to collect and recycle polyethylene plastic film over six months, culminating on Earth Day in 2022. With 95% of Trex products made from recycled materials, the program aims to raise awareness about recycling and rewards participating schools with Trex products. Last year, 271 schools recycled nearly 130,000 pounds of plastic waste.
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